Markets are on bear activity today, with the global market cap sitting 0.24% below its previous 24-hour mark, as the total cap still stands at $1.12T as of press time. The fear and greed index is at 53 as markets maintain neutrality. The global trading volume is 13% down in 24 hours, at $41.8B as of press time.

Bitcoin price analysis

Bitcoin (BTC) has started on slight bull activity, as Bitcoin price stood at $29.9K as of press time after recording a daily increase of 0.35% and a weekly rise of 11%. As a result of the Bitcoin price, the token’s trade volume dropped by 51% during the same period and is presently at $12.8B.

The Bollinger bands are now diverging, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.

BTC 1-day chart | Source: TradingView

Ethereum price analysis

Ethereum (ETH) is also riding on bull activity, as Ethereum price stood at $1633 after recording a daily increase of 1.6%, as the weekly rise now stands at 4.8%. ETH’s trade volume jumped by 11% during the same period and is presently at $5.2B.

The Bollinger bands are converging, showing low volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Ethereum price.

ETH 1-day chart | Source: TradingView

Polygon price analysis

Polygon (MATIC) is also riding on bull activity, as Polygon price stood at $0.56 after recording a daily increase of 2.4%, as the weekly rise now stands at 8.7%. MATIC’s trade volume jumped by 36% during the same period and is presently at $331.4M.

The Bollinger bands are close, showing low volatility levels on Polygon Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Polygon price.

MATIC 1-day chart | Source: TradingView

Polkadot price analysis

Polkadot (DOT) is also riding on bull activity, as Polkadot price stood at $3.8 after recording a daily increase of 2.2%, as the weekly rise now stands at 2.5%. DOT’s trade volume jumped by 46% during the same period and is presently at $120.5M.

The Bollinger bands are converging, showing low volatility levels on Polkadot Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Polkadot price.

DOT 1-day chart | Source: TradingView

Chainlink price analysis

Chainlink (LINK) is also riding on bull activity, as Chainlink price stood at $9.3 after recording a daily increase of 18.84%, as the weekly rise now stands at 26.9%. LINK’s trade volume jumped by 504% during the same period and is presently at $1.2B.

The Bollinger bands are diverging, showing high volatility levels on Chainlink Price as the Relative Strength Index (RSI) moves above the average line close to the overbought region, showing bull dominance on Chainlink price.

LINK 1-day chart | Source: TradingView

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